Ameren Corp (AEE)

Inventory turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	2,287,000	2,133,000	2,127,000	2,136,000	2,162,000	2,077,000	2,068,000	2,056,000	2,009,000	1,898,000	1,877,000	1,872,000	1,885,000	1,158,000	1,562,000	1,912,000	2,303,000	2,365,000	2,422,000	2,511,000
Inventory	US$ in thousands	733,000	760,000	711,000	630,000	667,000	695,000	600,000	520,000	592,000	595,000	527,000	467,000	521,000	557,000	514,000	471,000	494,000	488,000	433,000	402,000
Inventory turnover		3.12	2.81	2.99	3.39	3.24	2.99	3.45	3.95	3.39	3.19	3.56	4.01	3.62	2.08	3.04	4.06	4.66	4.85	5.59	6.25

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,287,000K ÷ $733,000K
= 3.12

Ameren Corp.'s inventory turnover has shown fluctuating values over the past eight quarters, ranging from a low of 3.28 in Q2 2022 to a high of 4.52 in Q1 2023. The inventory turnover ratio indicates how efficiently the company manages its inventory levels by measuring how many times it sells and replaces its average inventory over a specific period. A higher inventory turnover is generally favorable as it suggests that the company is efficiently selling its products and not letting inventory sit idle.

In the most recent quarter, Q4 2023, Ameren Corp. had an inventory turnover of 2.96, which is lower compared to the previous quarters. This could indicate potential issues with managing inventory levels, slower sales, or overstocking. On the other hand, Q1 2023 exhibited the highest inventory turnover of 4.52, suggesting that Ameren was managing its inventory exceptionally well during that period.

Overall, Ameren Corp. should continue to monitor its inventory turnover consistently to ensure optimal inventory management practices and adjust its strategies as needed to improve efficiency and profitability.